Ongoing Operations, Insurance Sample Clauses

Ongoing Operations, Insurance. During the pendency of this Agreement, Seller shall carry on its business and activities relating to the Property substantially in the same manner as it did before the Effective Date; provided that Seller shall not be obligated to make any extraordinary repairs or make any capital improvements to the Property. Through the Closing Date, Seller shall maintain or cause to be maintained, at Seller’s sole cost and expense, Seller’s existing policy or policies of insurance insuring the Property.

Ongoing Operations, Insurance. During the pendency of this Agreement, (a) Seller shall carry on its business and activities relating to the Property substantially in the same manner required under the Lease, and (b) Seller shall maintain or cause to be maintained, at Seller's sole cost and expense, Seller's existing policy or policies of insurance insuring the Property.

Ongoing Operations, Insurance. During the pendency of this Agreement, Seller shall carry on its business and activities relating to the Property substantially in the same manner as it did before the Effective Date; provided that Seller shall not be obligated to make any extraordinary repairs or make any capital improvements to the Property. Through the Closing Date, Seller shall maintain or cause to be maintained, at Seller’s sole cost and expense, Seller’s existing policy or policies of insurance insuring the Property, and Seller shall not encumber the Property or otherwise knowingly and willfully take any action that would cause any of Seller’s representations and warranties in this Agreement to become materially inaccurate as of the Closing.

Ongoing Operations, Insurance. During the pendency of this Agreement, Seller shall carry on its business and activities relating to the Property substantially in the same manner as it did before the Effective Date; provided that Seller shall not be obligated to make any extraordinary repairs or make any capital improvements to the Property, except as may be expressly required by any Lease, including any New Lease Agreement. Through the Closing Date, Seller shall maintain or cause to be maintained, at Seller’s sole cost and expense, Seller’s existing policy or policies of insurance insuring the Property. Within thirty (30) days following the Closing, Buyer, at its sole cost and expense, shall remove the Seller Marks from signage on any of the Buildings and monument signs on the Property. Seller shall provide a credit against the Purchase Price for the estimated cost to remove the Seller Marks from signage in an amount which is mutually and reasonably agreed upon by Seller and Buyer not less than two (2) business days prior to the Closing.

Ongoing Operations, Insurance. During the pendency of this Agreement, Seller (i) shall carry on its business and activities relating to the Property substantially in the same manner required under the Lease, (ii) shall pay all sums due for work, materials or services furnished by Seller or otherwise incurred by Seller in the construction, ownership, use or operation of the Property up through the Closing Date, and (iii) shall not, without Buyer’s prior written consent, by voluntary or intentional act or omission to act, cause, allow or create any easement or encumbrance upon the Property or any portion thereof, or allow any amendment or modification to any existing easements or encumbrances which materially interferes with Buyer’s use or operation of the Property, and/or the insurability or marketability of the Property; provided, however, with respect to Buyer’s consent rights set forth in the foregoing Item (iii), Buyer must respond to Seller (x) no later than September 17, 2013 with respect to objections to any aspect of Contemplated Title Matters which are received by Buyer on or before September 13, 2013, and (y) within ten (10) days after receipt of any Contemplated Title Matters which are received by Buyer after September 13, 2013 with respect to objections to any aspect of such Contemplated Title Matters, or Buyer shall be deemed to have approved same. Through the Closing Date, Seller shall maintain or cause to be maintained, at Seller’s sole cost and expense, Seller’s existing policy or policies of insurance insuring the Property.